|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.80 - 54.03|
|52 Week Range||38.79 - 55.80|
|PE Ratio (TTM)||16.43|
|Forward Dividend & Yield||0.08 (0.15%)|
|1y Target Est||N/A|
Textron Aviation CEO Scott Ernest speaks with CNBC's Phil LeBeau about the business jet industry and what he sees regarding demand for the company's new planes going forward.
As expected, Textron reported mixed earnings for Q3 2017. While earnings came in higher than expected, revenues fell short of estimates marginally. That said, revenues came in 7% higher than the year ago figure on better performances at the Bell, Industrial, and Textron Systems segments.
The industrial conglomerate reduced its full-year earnings outlook but raised its cash flow guidance. Here's what investors need to know.
Stocks that moved substantially or traded heavily Thursday: United Continental Holdings Inc., down $8.21 to $59.78 The parent of United Airlines said that weak prices will continue the rest of this year ...
Wichita-based Textron Aviation Inc. saw its revenue drop $44 million year over year in third quarter on the back of lower delivery results from some of its product line. According to the third-quarter earnings released Thursday by parent company Textron Inc. (TXT), the aviation division delivered 41 Cessna Citation business jets, flat year over year, while deliveries of its Beechcraft King Air turboprop declined by five aircraft to 24. The company also said deliveries of its Beechcraft T-6 military trainer fell from eight to five year over year.
Textron's (TXT) total revenues in the quarter was $3.48 billion, which missed the Zacks Consensus Estimate of $3.54 billion by 1.5%
Textron (TXT) has lowered the upper limit of its adjusted earnings guidance range for 2017. Following the earnings release, its share price made no significant change in the pre-market trading session.
On a per-share basis, the Providence, Rhode Island-based company said it had net income of 60 cents. Earnings, adjusted for restructuring costs, were 65 cents per share. The results surpassed Wall Street ...
Bell segment has been consistently delivering poor performance over the past few quarters. Yet, Textron's (TXT) revenues are expected to grow 8.8%.
Textron (TXT) follows a systematic inorganic growth strategy to expand its operations. Yet we remain on the sidelines considering the weak performance delivered by its aviation business.
Textron Aviation is donating $250,000 to the new “Design Build Fly” aviation exhibit opening later this year at Exploration Place and will be a named sponsor of the exhibit’s Build section. “Being one of our major aviation companies, it means the world to us to have this kind of support coming from them,” says Exploration Place President Jan Luth. The sponsorship, announced on National Manufacturing Day, underscores what the museum and exhibit supporters have long said will be more than just a fun exhibit celebrating aviation in the Air Capital.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Textron, Inc. with the following peers – General Dynamics Corporation, Lockheed Martin Corporation, Boeing Company, Spirit AeroSystems Holdings, Inc. Class A, AeroVironment, Inc., BAE Systems plc Sponsored ADR, AAR CORP., Embraer S.A. Sponsored ADR and Airbus SE Unsponsored ADR (GD-US, LMT-US, BA-US, SPR-US, AVAV-US, BAESY-US, ... Read more (Read more...)
While that potentially could benefit the entire industry, the plane maker that offers the most promise to investors appears to be General Dynamics, whose Gulfstream models are among the most popular corporate jets. In August, U.S. takeoffs and landings by business jets increased 5.7% year over year, the biggest rise since September 2014, according to the Federal Aviation Administration. “The strong August could set up the next couple of months for solid growth, and we now see 2017 utilization up close to 3.5%,” analyst Myles Walton of Deutsche Bank Markets Research wrote recently.
Textron's AT-6 Wolverine and Embraer's A-29 Super Tucano could get a chance to show off their abilities in a combat test next year, according to reports.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting TXT. Over the last one-month, outflows of investor capital in ETFs holding TXT totaled $4.83 billion.
Textron (TXT) secured a $30-million maintenance training contract for the Beechcraft King Air 350 under foreign military sales.
The Air Force could use a light attack plane in the fight against the Islamic State, but only after air superiority is assured, a top commander said.
A Relative Strength Rating upgrade for Textron shows improving technical performance. Will it continue?